Tax residency for individuals web series

Recorded live 19 Sep 2024

Capital gains & losses

$359.09 +GST

The residency status of an individual is crucial in determining the types of income and gains they will be taxed on and how much tax they pay in Australia. However, determining whether someone is a resident, non-resident or temporary resident can be difficult, especially when clients have ties to two or more countries. 

In this two-part series we look at each of the four residency tests that apply to individuals and clarify how to work through each of the tests in practice. We also consider how double tax agreements might impact on the outcome, including how to approach ‘tie-breaker’ tests.

We explore some of the recent decisions handed down by the Tribunal and Courts on residency issues and what these decisions mean for our clients. We also take a look at the key issues identified by the ATO in the recent new residency ruling – TR 2023/1.

Session 1: Determining residency status
September 19, 2024

Step-by-step approach to working through each of the 4 residency tests 
Working through double tax agreements and the tie-breaker tests for residency 
Practical issues and common problem areas 
Steps that can be taken by clients to minimise risk, including documents and evidence that can help support the client’s position 
The latest ATO guidance and court decisions and the impact these have on how we approach residency issues

Session 2: Temporary residency
September 26, 2024

How to determine whether your client is a temporary resident
The special treatment of NZ citizens living in Australia
Income that is and isn’t taxed in the hands of temporary residents
Understand how the CGT system applies to individuals who are, or have been, a temporary resident
The CGT concessions that are no longer available to temporary residents, and
The special rules for working holiday makers and their employers

Presented by

Rae Ni Corraidh

Tax Adviser

Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

Can't attend all sessions live?

It's ok, we provide recordings of all the live sessions so you can catch up later on at a time that suits you. You will have access to the slides and recordings for three months after each event.

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